Archive for the ‘economic disaster’ tag
The Cap-and-Trade Bill Is an Economic Disaster
Fiscal Policy: The House of Representatives is preparing to vote on an anti-stimulus package that in the name of saving the earth will destroy the American economy. Smoot-Hawley will seem like a speed bump.Not since a misguided piece of legislation imposed tariffs that turned a recession into a depression has there been a piece of legislation as bad as Waxman-Markey.The 1,000-plus-page American Clean Energy and Security Act (H.R. 2454) is being rushed to a vote by House Speaker Nancy Pelosi before anyone can seriously object to this economic suicide pact.
By Investor’s Business Daily
http://www.realclearmarkets.com/articles/2009/06/26/the_cap-and-trade_bill_is_an_economic_disaster_97284.html
